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Section 2.9 More Exponents and Logarithms

Goals:
  • E: Be able to solve an equation with an unknown exponent.
  • E: Be able to model a situation with appropriate exponential equation(s) and interpret the solution.
  • E: Be able to determine the equation of an exponential function given a table of values.
  • E: Be able to use definition and properties of logarithms to rewrite expressions involving logarithms in different forms.
  • F: Be able to determine the inverse of a function given in any form (graph, table, equation).

Problem 2.9.2.

A bank is offering to pay \(2.5\%\) interest compounded annually. Clare opens an account with $1200.
  1. What will be Clare’s balance in 5 years?
  2. Write a function equation, \(C(t)\text{,}\) for Clare’s balance after \(t\) years.
  3. When will Clare’s balance reach $1500? First give an exact answer, then give a decimal approximation.

Problem 2.9.4.

An epidemic is sweeping through a population of rats, so that the number of rats infected is doubling every three days. When scientists first observed the infection, they estimated that there were 120 rats infected.
  1. Write a function equation \(I(t)\) for the number of rats infected \(t\) days after the initial observation.
  2. Rewrite \(I(t)\) using the natural base, \(e\text{.}\)
  3. How many rats will be infected 30 days after the initial observation, assuming the infection continues to spread at the same rate?
  4. When will the number of infected rats reach 200,000? First give an exact answer, and then give a decimal approximation.

Problem 2.9.5.

Refer to the population of Shanghai, China, for given years as shown in TableΒ 2.9.6.
Table 2.9.6. Population, \(P(t)\text{,}\) of Shanghai \(t\) years after 1990
\(t\) 0 10 20 22
\(P(t)\) 13,341,900 16,407,700 23,019,200 23,710,000
  1. Using the population of Shanghai in 1990 and 2012, build an exponential model for \(P(t)\text{.}\)
  2. Use your exponential model to predict the population of Shanghai in 2000. How does your prediction compare with the actual population at that time?
  3. Use your exponential model to predict in what year the population of Shanghai will be 25,000,000. First give your answer in exact form using a logarithm, and then give the decimal approximation.

Problem 2.9.7.

The amount of money accumulated in a bank account where the interest is compounded continually after \(t\) years at interest rate \(r\) with an initial amount \(P\) is given by the function
\begin{equation*} A(t)=Pe^{rt} \end{equation*}
  1. If you put $800 in a bank account with interest rate 5% that is compounded continually, write a function equation for \(A(t)\text{.}\)
  2. How much money will be in the account after 5 years?
  3. How long will it take the account to reach $2,000?
  4. Find an equation for the inverse function that gives the time, \(t\) as a function of the amount of money in the account, \(A\text{.}\)